On October 30, the price of Bitcoin rose to $6306.58, once again hit a new high.A week ago, Bitcoin broke through $ 6,000 for the first time and rose to $ 6183 briefly, then fell back to around $ 5,500. The price of Bitcoin has increased by more than 500% this year. At the beginning of this year, the price of bitcoin was just more than $1,000. However, the market of competitive cryptocurrency don't have a good performance. With the rebound of the market, a lot of cryptocurrency analysts have predicted that the competitive cryptocurrency will rise soon. Today I will introduce a competitive cryptocurrency: Bityuan(BTY).
The introduction of Bityuan:
Bityuan, referred to as: BTY
Release date: January 2014, Core algorithm: POS
Main features:
Decentralized security electronic wallet, Bityuan may be used as an open currency intermediary. For example, "Alipay - Bityuan - TenPay", "Alipay - Bityuan - Bitcoin", "Tenpay - Bityuan - Bitcoin", "Bitcoin - Bityuan - Alipay", "Bitcoin - Bityuan - Tenpay" and other payment methods. The use of Bityuan systems doesn't require a payment license which attracts many businesses. The payment of Bityuan is interoperable, but the payment information can be kept by itself.
The introduction of Bityuan community:
In 2014, Bityuan community team found that the cryptocurrency can be released in blockchain. Then they researched the system and found there are many functions can be studied. However, run the virtual machine on the blockchain will create a lot of security problems, and will affect performance. Bityuan community toke the advantage of these systems, and independent research and development some functions, such as: trade matching, cryptocurrency releasing, stock management, delivery tracking without using the virtual machine. Virtual machines was used to achieve some less common personalization functions. The optimized Bityuan wallet is capable of trading more than 150,000 transactions per second. The database of Bityuan is a programmable distributed database and the data in the database cannot be tampered with.
The advantages of Bityuan wallet: 1. Multi-signature, 2. Rapid expansion, 3. Wallet recovery, 4. Wallet security, 5. Payment security , etc.
Bityuan released in blockchain in 2014, now it has released several years. As shown above, the trend of Bityuan seems good. As of September 30, 2017, the price of Bityuan is ¥0.269. With the rebound of the market, how will the Bityuan performance in the further ,let's focus on it.